The American voters that thought there would be a tax rate of ZERO percent for earners under $50,000 was rolled for Trump's friends at the top of the income scale. I guess 10 percent of a dollar might begin to pay for a stamp for the USA government mail. The processing of a dime of tax costs more than that.
What kind of fine does an American get for not paying a tax burden of ten cents? Is there a jail sentence for that? Is there an age bracket for children that save them from the government?
I am sincerely worried about babysitters. Not only do they get decent money for their services, but, do they then get 1099s? Do they know what to do with 1099s? What if they don't file? Dear god, what happens then? Do they provide tutorial services from the local elementary school to those students ambitious enough to earn money but not savvy enough to file with Uncle Sam? Does it go on their permanent school record?
May 9, 2017
By Howard Gleckman
...For example, (click here) with Trump’s campaign brackets, the average household would get a tax cut of about $1,000 or about 1.3 percent of after-tax income. The lowest income households would get no tax cut at all on average, and middle-income households would get about $730, also about 1.3 percent of after-tax income. The highest-income one percent of households would get a tax cut averaging $39,000 or 2.6 percent of after-tax income and the top 0.1 percent would get a tax cut of $215,000, boosting their after-tax income by 3 percent....
